Which is the priciest neighborhood in each state? With median listing prices ranging from more than $6 million to as low as $346,000, a study by realtor.com looked at the most expensive neighborhoods in each and every state as well as the District of Columbia.
To track down each state's priciest area, the realtor.com team calculated the median listing price in 2018 for every ZIP code in the U.S. that had an average of more than 30 listings per month.
The most expensive neighborhood in the country was not a huge surprise. With a median home list price of $6.06 million, the iconic 90210 ZIP code in Beverly Hills, California was hands down the costliest neighborhood in the country. However, the list also included some upcoming areas that have seen a price boom in recent years.
One example was Birmingham, Alabama's 35223 ZIP Code where new jobs are leading to a real estate boom. Buyers in this ZIP code can buy Beverly Hills-style homes for a fraction of that price. The median list price for a home in this area is $611,612, according to the study.
While cities like New York and San Diego continue to be favored by international investors--the priciest neighborhood in New York state was the Tribeca area's ZIP code 10013, with a median home list price of $4.7 million--Anchorage, Alaska has also been seeing increasing interest from "deep-pocketed international buyers," the study revealed. With home prices averaging $537,129, Anchorage's 99516 ZIP code is the priciest housing market pocket in Alaska.
From the arctic hills to a ski village, homes in 81654 in Snowmass, Colorado are the costliest in the state. With the median home list price at more than $3.3 million the location of this ski town consists of enormous mansions, the study indicated.
Looking at the South, Miami remained among the most expensive cities, with homes in 33109, Fisher Island costing more than $3.5 million. The study revealed that the area had become popular for second homes for some of the world's wealthiest people. In Hawaii, Kilauea's 96754 ZIP code was the priciest with home prices costing a little over $2.2 million.
Click here to read the full list of the most expensive ZIP codes in each state.